“We see data powering the industry across technology, capital formation, investing and risk management,” Rob Goldstein, BlackRock chief operating officer, said in the statement.
BlackRock Inc. will acquire private capital database provider Preqin for GBP2.55 billion ($4.38 billion) in cash, as the world’s largest money manager accelerates its push to become a major player in alternative assets.
The acquisition deepens BlackRock’s ability to oversee risks and analyze data across fast-growing markets for private assets, and also expands its Aladdin technology systems, the New York-based firm said in a statement on Sunday.
